الهيئة العامة للرقابة المالية

Prime Minister Dr. Mostafa Madbouly held a meeting this evening at the government headquarters at the New Administrative Capital to follow up on the expansion plan for listing more companies on the Egyptian Exchange (EGX) during the coming year (2026). This initiative is part of the Government IPOs Program. The meeting was attended by Dr. Mohamed Farid, FRA Chairman, Dr. Islam Azzam, EGX Chairman, and Mr. Mohamed Al-Sayyad, FRA Vice Chairman.

Counselor Mohamed El-Homsany, official spokesperson for the Cabinet, stated that the meeting reviewed the latest developments regarding the plan to expand corporate listings on the EGX in 2026 within the framework of the Government IPOs Program.

Cabinet Spokesperson explained that 2026 is expected to witness a surge in listings on the Egyptian Exchange, bolstered by growing investor confidence and a wider diversification of target sectors. A select group of state-owned enterprises is currently being prepared for listing, ahead of their scheduled initial public offerings.

Counselor El-Homsany added that the meeting emphasized ongoing discussions regarding several laws aimed at stimulating financial markets and increasing market capitalization. Additionally, work is underway to implement measures that enhance trading efficiency and increase market turnover rates.

Dr. Mohamed Farid, FRA Chairman noted that amendments to the Capital Market Law are being studied to allow the transformation of EGX’s  legal status into a joint-stock company. This would pave the way for its own listing and IPO, aligning with the model of most regional and international exchanges, provided favorable conditions are met. Such a move would bolster the exchange’s efficiency and competitiveness, send a strong signal of the state’s commitment to the IPO program, increase the value of state assets, and grow the EGX’s own market cap. Furthermore, the potential listing of central depository and registration companies is being studied to enhance transparency, governance, and financial performance.

El-Homsany stated that the Prime Minister views the upcoming EGX listings as a cornerstone of the Government IPOs Program. This initiative aims to boost private sector participation and broaden the ownership structure of state-owned entities; a move intended to revitalize management efficiency and strengthen market competition in both production and service sectors.